Automatic Number Plate Recognition System Market Information Procurement and Data Analysis by 2023

1. Automatic Number Plate Recognition System Market Information Procurement and Data Analysis by 2023 “The types of ANPR systems are fixed systems, mobile systems, and portable systems. The major components of these systems are cameras, software, frame grabbers, and triggers.” The Automatic Number Plate Recognition (ANPR) System Market is expected to be worth USD 3.57 Billion by 2023, growing at a CAGR of 9.74% between 2017 and 2023. The market within this study has been classified on the basis of types, components, and applications. The need to deploy camera technologies for security and surveillance, and traffic enforcement applications and infrastructure growth in emerging economies are some of the significant growth drivers for the ANPR system market. The types of ANPR systems are fixed systems, mobile systems, and portable systems. The major components of these systems are cameras, software, frame grabbers, and triggers. ANPR has its applications including traffic management, law enforcement, electronic toll collection, parking management, and access control. The report delivers a description of each of these application areas. The Fixed ANPR system is expected to hold the largest market share between 2017 and 2023. The market growth can be attributed to the increasing demand for these systems for monitoring traffic and collecting data in highways, bridges, tunnels, and public and private parking spaces. The mobile ANPR system is expected to grow at the highest CAGR between 2017 and 2023. These systems are widely preferred by various police and law enforcement agencies for ensuring proper security and surveillance. ANPR cameras accounted for the largest market share among components in 2016. The increasing adoption of cameras for law enforcement and traffic management applications is a major driver for this market. The software market is expected to grow at the highest CAGR between 2017 and 2023. Rising incidents of vehicle thefts and increasing criminal activities have led to the growing demand for real-time identification and tracking systems in the transportation sector. These factors are driving the growth of the software market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=140920103

2. The traffic management application accounted for the largest market share in 2016. The increasing demand for ANPR systems in urban areas due to high traffic congestion is driving the growth of the ANPR system market for traffic management applications. The market for the electronic toll collection application is expected to grow at the highest rate between 2017 and 2023. The increasing adoption of vehicles and stringent government regulations by various countries for implementing electronic toll collection systems is driving the growth of the ANPR system market. Fixed ANPR systems to hold the largest share of the market Fixed ANPR systems held the largest market share in 2016. The growth of these systems is attributed to the increasing demand from applications such as traffic management, toll collection, and parking management. The advancement in video analytics to capture, process, and store images of number plates has improved the capabilities of ANPR systems. This is encouraging more people to use this system on a permanent basis. Request Sample Copy of this Market Research @ https://www.marketsandmarkets.com/requestCustomization.asp?id=140920103 Market for electronic toll collection application is expected to grow at the highest rate The market for electronic toll collection (ETC) application is expected to grow rapidly during the forecast period. The increasing use of ETC systems in highways for identifying number plates of vehicles is driving the growth of the ANPR system market. Europe is expected to hold the largest market share during the forecast period Europe was the largest market for ANPR systems in 2016. The large market in this region can be attributed to the high adoption of intelligent transportation systems for traffic management, tolling management, law/police enforcement, and other applications. The market in Europe has been segmented into Germany, the UK, France and the Rest of Europe. Some major companies offering ANPR systems in Europe include ARH Inc. (Hungary), Digital Recognition Systems Ltd. (UK), NDI Recognition Systems Ltd. (UK), and Q-Free ASA (Norway). The key players in the market include Kapsch TrafficCom AG (Austria), Conduent, Inc. (US), Q-Free ASA (Norway), Siemens AG (Germany), Genetec Inc. (Canada) Neology, Inc. (US), Bosch Security Systems GmbH (Germany), Tattile srl (Italy), TagMaster North America, Inc. (US), NDI Recognition Systems Ltd. (UK), Euro Car Parks Limited (UK), Quercus Technologies, S.L. (Spain) Vigilant Solutions, Inc. (US), Elsag North America, LLC (US), ARH Inc. (Hungary), Digital Recognition System Ltd. (UK), Beltech BV (Netherlands), ANPR International Ltd. (UK), HTS (New York), FF Group (Cyprus), and so on.

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